Construction Loan Officer Salary in the United States

Construction Loan Officer Salary

How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $96,093 as of April 26, 2022, but the range typically falls between $79,987 and $117,474. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Salary Salary + Bonus Benefits How To Become
Based on HR-reported data: a national average with a geographic differential
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25% $79,987 10% $65,323 90% $136,940 75% $117,474 $96,093 50%(Median)

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Check out Construction Loan Officer jobs in Virginia

CFO/Business Manager - Browne Academy #2022-2697

Staffing Advisors of Maryland - Alexandria, VA

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Loan Officer

Capital Impact Partners - Arlington, VA

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Loan Officer Assistant I

Intercoastal Mortgage LLC - Fairfax, VA

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Commercial Portfolio Administrator I

Apple Federal Credit Union - Fairfax, VA

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Job Description for Construction Loan Officer

Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Construction Loan Officer
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2020
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Construction Loan Officer Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Construction Loan Officer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
79987
117474
96093

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
81441
133631
105581
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $79,987 to $117,474 with the average base salary of $96,093. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $81,441 to $133,631 with the average total cash compensation of $105,581.
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79987
117474

 

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Skills associated with Construction Loan Officer: Loan Software, Loan Authorization, Specialty Lending

Salary estimation for Construction Loan Officer at companies like : FS BANCORP INC, LTC PROPERTIES INC, SILVERCREST ASSET MGT

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